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Mar 07 - 08:55 PM

GBP/USD - UK-EU Friction Continues, As The USD Leads Cable

By Andrew M Spencer  —  Mar 07 - 07:03 PM
  • +0.15% as early flows take USD lower on profit taking at the higher levels

  • UK points the finger at EU on N Ireland Brexit teething issues nL1N2L50A9

  • Boris upbeat on EU, but hard line Brexiteer Frost leads talks nS8N2HX051

  • Lack of trust between negotiators will weigh on financial services talks

  • Charts; momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • 1.3752, 61.8% 2021 rise & rising 1.3723 lower 21 day Bolli band key support

  • 1.3923 rising 21 daily moving average is first major resistance

  • Earlier 1.3815 low and NY 1.3870 high initial support and resistance

    For more click on FXBUZ

gbp mar 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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